MARKET SNAPSHOT: U.S. Stocks: Futures Lower On China Concerns

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock futures were weak on Monday as global equity investors were concerned about aslowdown in China ahead of HSBC's PMI data. A decline in economic activity in August, ...

Dollar Softens Against Yen as Investors Take Profits

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Tatsuo Ito The dollar softened against the yen in Asia on Monday as overseas players locked in profits after its recent rapid rise to fresh six-year highs. The greenback hit Y109.46 last week, its highest since August 2008, as ...

U.S. Existing-Home Sales Fall 1.8% in August

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Josh Mitchell and Eric Morath WASHINGTON-U.S. existing-home sales fell for the first time in five months in August, a sign the housing market hit a soft patch after a brisk summer. Sales of previously owned homes fell 1.8% in ...

Canada Urges Euro-Zone Stimulus

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

European economies need to quickly embrace a fiscal-stimulus plan because the region is "perilously close" to deflation, Canadian Finance Minister Joe Oliver said Sunday, warning such a turn could have negative consequences for a global economy. "What we do not ...

Ukraine Eases Requirements on Forex Conversion

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

MOSCOW--In attempt to feed its domestic market with much needed foreign currency, the National Bank of Ukraine on Monday eased requirements on conversion of incoming money, and simultaneously slashed the amount of currency a private person can buy at a ...

Italy Industrial Orders Drop Again in July

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Giada Zampano ROME--Italian industrial orders dropped in July as both foreign and domestic demand slipped, underscoring the struggle of eurozone's third-largest economy to exit a prolonged recession. Industrial orders declined 1.5% on the month, after a similar drop in ...

Chicago National Activity Index Signals Below-Average Growth

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

A snapshot of the U.S. economic landscape says growth fell below its historic trends in August. The Federal Reserve Bank of Chicago's National Activity Index--a weighted average of 85 indicators of the U.S. economy--fell to -0.21 in August from +0.26 ...

Hungary: Unfazed After Standard & Poor's Affirms Junk Rating

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Veronika Gulyas BUDAPEST--Hungary's government bond investors stand by the country's sovereign debt and rely on their own judgment, the economy ministry told The Wall Street Journal Monday in reaction to the affirmed double-B rating and stable outlook by Standard ...

Germany's Merck to Buy Sigma-Aldrich for $17 Billion--3rd Update

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Neetha Mahadevan FRANKFURT--German pharmaceutical company Merck KGaA on Monday said it would acquire U.S. firm Sigma-Aldrich Corp. for $17 billion, as it bids to strengthen its position in the life science industry. Merck will acquire all of Sigma-Aldrich for ...

MARKET SNAPSHOT: U.S. Stocks Fall; Alibaba Drops After Historic Debut

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock investors turned skittish, sending prices lower on Monday as they fretted about falling commodity prices and concerns about global growth. Treasurys rose as investors sought safety, while ...

Overhaul of Italy GDP Data to Offer Renzi Little Help

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Giada Zampano ROME--A statistical review of Italy's growth data for the past five years, including illegal activities like drugs and prostitution, will provide only limited help to Prime Minister Matteo Renzi in his struggle to keep Italy's budget under ...

Oil Markets Remain Subdued, Brent Drops Below $98/bbl

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Eric Yep Crude-oil futures edged lower in Asian trading hours Monday as investors stayed on the sidelines ahead of economic data due later this week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October ...

Bundesbank: Growth Trend Unlikely To Be Interrupted

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

FRANKFURT--Germany's central bank on Monday sought to dispel fears of an abrupt interruption to the country's growth trend, though cautioned that some positive recent data were supported by one-off factors that didn't accurately represent the state of the economy. The ...

ECB's Praet Defends Bank's Policy on Strength of Euro

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Matthew Karnitschnig BERLIN--The European Central Bank's chief economist Monday rejected suggestions the bank was trying to push the euro lower to kick-start the bloc's beleaguered economy, contradicting some of his colleagues on the bank's governing council. "There is no ...

Fed's Plosser to Retire in March

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

Charles I. Plosser announced on Monday he will retire as president of the Federal Reserve Bank of Philadelphia effective March 1, 2015, according to a news release from the bank. "For more than eight years, I have had the honor ...

Germany's Merck to Buy Sigma-Aldrich for $17 Billion--2nd Update

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Neetha Mahadevan FRANKFURT--German pharmaceutical company Merck KGaA on Monday said it would acquire U.S. firm Sigma-Aldrich Corp. for $17 billion, as it bids to strengthen its position in the life science industry. Merck will acquire all of Sigma-Aldrich for ...

Total Looks to China to Finance Russian Gas Project -- 3rd Update

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

By Selina Williams and Daniel Gilbert France's Total S.A. said it was seeking alternative nondollar financing for a major gas project in Russia days after Exxon Mobil confirmed it would stop drilling in the Russian Arctic, as major oil companies ...

New Mortgage Loans Fell 11% in 2013

TODAY: Sept. 22, 2014 PUB DATE: Sept. 22, 2014

Mortgage lending declined in 2013 in the wake of an interest-rate jump and a sharp drop in loan refinances, according to a report Monday by the Federal Reserve. Overall, the number of new mortgage loans made in 2013 declined 11% ...